eBay CEO Wenig Discusses Earnings and Artificial Intelligence on CNBC

NEW YORK (TheStreet) — Shares of eBay (EBAY) are higher by 10.18% to $29.74 on Thursday morning, after the company’s better than expected second quarter earnings results were announced Wednesday. eBay reported adjusted earnings of 43 cents per share, a 2% increase from last year, surpassing analysts’ estimates of 42 cents per share. Revenue also increased 7% year over year to $2.23 billion beating, analysts’ estimates of $2.17 billion. CEO of the online commerce giant, Devin Wenig, joined CNBC”s “Squawk on the Street” today to discuss the report, the current state of eBay, and advancing into new technological spheres. “We want to be an enduring technology leader, and a disrupter. We want to focus on building a foundation and differentiating what we do. We’re starting to accelerate growth in the business,…